Madera Unified School District Financing Corporation
100% goes to programs Thin reserves Growing revenue
Madera Unified School District Financing Corporation is a 501(c)(3) organization based in Madera, California, registered in 2009, with $78,208,766 in FY2023 revenue. CharityIndex grades it B, and it directs about 100% of spending to programs.
1902 Howard Rd, Madera, CA, 93637 EIN 77-0347419 Since 2009
Revenue (FY2023)
$78.2M
▲ 1161.3% vs prior year
Education median: $200K
Expenses (FY2023)
$78.2M
Net assets
$787K
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Madera Unified School District Financing Corporation: 100% to programs earns a A+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Madera Unified School District Financing Corporation: 0 mo reserves · +0% margin earns a C on this criterion. See the exact thresholds →
C+Governance25% of the rating3 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Madera Unified School District Financing Corporation: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Madera Unified School District Financing Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To finance construction of educational facilities.
Contact & location
- Address
- 1902 Howard Rd, Madera, CA, 93637
- City
- Madera
- State
- California
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1 (FY2015) to $78.2M (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $787K
Operating margin
0.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$787K
Total liabilities
$0
Net assets
$787K
Salaries & benefits
$0
0% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $78,208,766▲1161% | $78,163,603▲1164% | $787,218▲6.1% | $787,218▲6.1% | 990 |
| 2022 | $6,200,514▲1.9% | $6,184,579▼0.4% | $742,055▲2.2% | $742,055▲2.2% | 990 |
| 2021 | $6,087,617▲98.7% | $6,212,054▲25.8% | $726,120▼14.6% | $726,120▼14.6% | 990 |
| 2020 | $3,063,053▲190% | $4,936,472▲1.1% | $850,557▼68.8% | $850,557▼68.8% | 990 |
| 2019 | $1,057,536 | $4,884,885 | $2,723,976 | $2,723,976 | 990 |
| 2018 | $0 | $0 | $0 | $0 | 990EZ |
| 2017 | $0 | — | $0 | $0 | 990EZ |
| 2016 | $0▼100% | — | $0 | $0 | 990EZ |
| 2015 | $1 | $1 | $0 | $0 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Gladys A Diebert | Board Member | 1 | — |
| Israel Cortes | Board Member | 1 | — |
| Joetta Fleak | Board Member | 1 | — |
| Lucy Salazar | President | 1 | — |
| Nadeem Ahmad | Board Member | 1 | — |
| Ray Seibert | Board Member | 1 | — |
| Ruben Mendoza | Clerk | 1 | — |
| Todd Lile | Superintendent | 1 | — |
Grants received · $40K total
2 grants to Madera Unified School District Financing Corporation totaling $40K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Share Our Strength | Childhood hunger programs | 2022 | $20,000 |
| Share Our Strength | Childhood hunger programs | 2022 | $20,000 |
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Compare Madera Unified School District Financing Corporation
Frequently asked questions
- Is Madera Unified School District Financing Corporation a legitimate nonprofit?
- Yes. Madera Unified School District Financing Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 77-0347419, based in Madera, California. Donations are tax-deductible.
- What is Madera Unified School District Financing Corporation's EIN?
- Madera Unified School District Financing Corporation's Employer Identification Number (EIN) is 77-0347419.
- How much revenue does Madera Unified School District Financing Corporation report?
- Madera Unified School District Financing Corporation reported $78,208,766 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Madera Unified School District Financing Corporation's spending goes to programs?
- Madera Unified School District Financing Corporation spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Madera Unified School District Financing Corporation have?
- CharityIndex grades Madera Unified School District Financing Corporation B, based on program efficiency and fundraising cost.
- How much does Madera Unified School District Financing Corporation's highest-paid employee make?
- The highest reported compensation on Madera Unified School District Financing Corporation's latest Form 990 is $0, paid to Gladys A Diebert (Board Member).
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Data for Madera Unified School District Financing Corporation (EIN 77-0347419) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.